- 022-28021099
- staff@caprshah.in
- Monday to Saturday
- 10 AM to 7 PM
Purvesh & associates
Chartered Accountants
Direct Taxation services
Attitudes to tax are changing. Tax decisions are under scrutiny like never before. Organizations, from middle market to multinationals, are ever more exposed to changing trends in tax regulations. Every organisation is structured differently and requires tailor made advice and services to manage their tax obligations. In addition, there are special tax rules that relate specifically to corporations and corporate groups.
Income Tax Returns
As per section 139 (1) of Income Tax Act, 1961 all companies, firms (including LLP) need to mandatorily file their income tax returns every year. Also individuals, trusts, AOP, BOI & other juridical persons; if their income exceeds the maximum amount which is not chargeable to income-tax is required to file their income tax returns annually.
TDS and TCS Returns
TDS or Tax Deducted at Source is income tax reduced from the money paid at the time of making specified payments such as rent, commission, professional fees, salary, interest etc. by the persons making such payments. Tax collected at source (TCS) is the tax payable by a seller which he collects from the buyer at the time of sale. Section 206C of the Income-tax act governs the goods on which the seller has to collect tax from the purchasers. TDS / TCS Returns are a quarterly statement submitted by the deductor / collector to the Income Tax Department.
Tax Audit
A taxpayer is required to have a tax audit carried out if the sales, turnover or gross receipts of business exceed the treshold limit as mandated under Income Tax Act, 1961. However, a taxpayer may be required to get their accounts audited in certain other circumstances.
certifications
a. MAT / AMT
b. Form 15CB
c. Other certifications
b. Form 15CB
c. Other certifications
Planning & Advisory
a. Pre-Transaction Advisory
c. Tax Risk Assessment
d. Corporate Tax Planning
e. Tax Holiday Planning
c. Tax Risk Assessment
d. Corporate Tax Planning
e. Tax Holiday Planning
Transfer Pricing
For the purpose of management accounting and reporting, multinational companies (MNCs) have some amount of discretion while defining how to distribute the profits and expenses to the subsidiaries located in various countries. Sometimes a subsidiary of a company might be divided into segments or might be accounted for as a standalone business. In these cases, transfer pricing helps in allocating revenue and expenses to such subsidiaries in the right manner.
It is important that a business having cross-border intercompany transactions should understand transfer pricing concept, particularly for the compliance requirements as per law and to eliminate the risks of non-compliance.
It is important that a business having cross-border intercompany transactions should understand transfer pricing concept, particularly for the compliance requirements as per law and to eliminate the risks of non-compliance.
Representation and Litigation
a. Income Tax Scrutiny Assessments
b. Search and Seizure Assessment
c. Appeal before CIT(Appeal) and ITAT
b. Search and Seizure Assessment
c. Appeal before CIT(Appeal) and ITAT
